... and decentralized union. Hence, this article aims at distinguishing these concepts, as well as identifying the interlinkage and relationship that exists between them. The goal is to reduce the level of ...

... of the current âdecentralizedâ fiscal policy in the EZ. In a nutshell, we suggest a change in the composition of QE asset purchases, focusing on buying European Investment Bank (EIB) bonds that, in turn, ...

... precisely because of its failure. A federation on paper, Argentina is a highly centralized country, in which economic dependence of the Provinces from the central government has destroyed any kind of autonomy ...

In a union of states such as the EU or the US, should immigration policy be decentralized or should it be a federal policy? Experience and economic logic offer a simple argument against decentralization. ...